“The accusation, first made by Peter Schweizer, the senior editor-at-large of the website Breitbart, in his 2015 book, ‘Clinton Cash,’” Smith said. “The next year, candidate Donald Trump cited the accusation as an example of Clinton corruption.”

Smith added that a nine person committee, known as the Committee on Foreign Investment in the United States (CFIUS), was tasked with approving the nuclear deal that only former President Barack Obama had the authority to veto or approve.

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As described in part by Smith, the scandal involved the Obama administration’s approval of a 2010 partial sale of mining company Uranium One to Rosatom, a Kremlin-linked nuclear company in Russia.

According to The Hill, the partial sale, which was approved by Clinton during her tenure as secretary of state, resulted in Rosatom reportedly receiving 20 percent of the United States’ uranium.

Prior to the sale, the Clinton Foundation — which is run by Bill and Hillary Clinton — reportedly received hundreds of millions of dollars in donations from Russian investors associated with the nuclear deal.

In 2015, The New York Times published a piece reporting that the Clinton Foundation received a massive donation while the deal was in the process of being approved.

As reported by the New York Daily News, former President Bill Clinton was given $500,000 from a bank with ties to the Kremlin for giving a single speech in Moscow around the time of the deal.

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Many users on social media were not happy with Smith’s commentary, as they believed he was defending Clinton’s actions.

Hey @FoxNews, while the left is ecstatic over Shepard Smith’s declaration of #Hillary Clinton innocence in #UraniumOne transfer of 20% uranium to RUSSIA, Americans w/ eyes open are crying for u to ship Shep OUT! Let him spew disinformation on CNN or MSNBC where he belongs! #MAGA

Shepherd Smith seems he has direct answers on uranium 1 . how about the truth. Hillary was part of the team that said yes you can't delegate you vote job and Obama was the ok to sell what was the FBI doing. Shep stop protecting the past admin

I normally don't tune into Shep's hour on FOX, can't stand his bias, but today while surfing channels he caught my interest…in 3 mts he argued Hillary's defense, how she had nothing to do with Uranium One and how Trump had lied about it. HE HAS TO GO!!!

Smith’s segment came just one day after it was reported that U.S. Attorney General Jeff Sessions had instructed senior federal prosecutors to look into the Clinton Foundation and its involvement in the Uranium One deal.